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Starwood Hotels & Resorts Worldwide Inc intends to enter into domination agreement with Design Hotels AG

Tuesday, 18 Mar 2014 07:48am EDT 

Design Hotels AG:Says Starwood Hotels & Resorts Worldwide informed Design Hotels AG of its intention to conclude domination agreement with Design Hotels AG.Says board of Design Hotels AG has consequently made decision to enter into negotiations on domination agreement with Starwood Hotels & Resorts Worldwide, Inc.Provisions of domination agreement regarding rights of minority shareholders to payment of guaranteed dividend and compensation will be determined in line with statutory requirements and on the basis of pending evaluation of company. 

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